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Several central banks used lower inflation print to cut rates despite growth concerns

In the monetary policy meetings conducted during May-June, most central banks continued to lower policy rates amid heightened macroeconomic uncertainties, RBI bulletin says
No rate cut today, rupee eyed: CNBC-TV18 poll

If the RBI were to in any form indicate that they were extremely unhappy with the rupee movement to 59/USD or indicate their discomfort that will be seen as a positive, which means they will defend the rupee every time it tends to go to that level.
RBI may cut benchmark lending rate by 0.25% in May

The Reserve Bank may cut the benchmark short-term lending rate by about 0.25 percent in its annual monetary policy next month in the backdrop of declining inflation and the urgency to promote growth, say economists.

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Cut Repo Rate

Several central banks used lower inflation print to cut rates despite growth concerns

No rate cut today, rupee eyed: CNBC-TV18 poll

RBI may cut benchmark lending rate by 0.25% in May